ANSWER Wealth Kasse is an illegal broker and we strongly suggest you avoid dealing with this platform.Firstly, Wealth Kasse fails to disclose its regulatory information and licensing data, which can be interpreted as a scam indicator, as legitimate brokers always prominently display such information.Secondly, Wealth Kasse provides an address in Belgium, a country that has banned all leverage OTC derivatives, all binary options, and the sales method by which they are distributed in consideration of high risks. As such, brokers located in this country is unequivocally illegal.At last, the Federal Financial Supervisory Authority (BaFin) has added Wealth Kasse to its warning list for operating without the required authorization. You can read the warning here.In conclusion, Wealth Kasse falls outside the regulatory framework, and its offerings of financial services/products are not licensed. Therefore, once your money or personal information are held by this platform, there are no rules in place to protect you from fraud or theft. Investors are advised against trading with unlicensed brokers like Wealth Kasse and instead to opt for a fully regulated one.
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